Dakota Gold Corp

7 days ago 29:23

Key Highlights

Elemental is acquiring a royalty on part of Dakota Gold's Richmond Hill project that gives partial coverage of the existing mine plan, per Bell.
Bell highlights that the royalty also captures surrounding ground that would go through a longer permitting process, taking in areas around multiple previously and currently operating mines, which he calls a strategic license package.
Bell credits Dakota Gold's team under Bob Quartermain as a very well-known management group with a strong industry track record, and host Shad Markwitz discloses he personally holds Dakota Gold shares.

Elemental Royalty buys five gold and silver streams and royalties for US$290 million, adding scale, producing assets, and North American and West African exposure. The Kouroussa stream sits over the mine's mill, so future ore from any new licenses Mansa consolidates automatically pays Elemental. Spinning the Generation exploration business into Carlin East trims staff from about 45 to 20 and cuts G&A (overhead costs) by over 25%. Gold-equivalent ounce (GEO — production stated in gold terms) revenue is guided from about 20,000 ounces this year toward 50,000 by 2031. Portfolio quality is compounding: the average value of Elemental's top eight assets climbed from roughly $35 million to about $170 million in 15 months.

Robert Quartermain of Dakota Gold Corp. talks to Adrian Day | Metals Investor Forum Sept. 2026

Metals Investor Forum

18 days ago 11:30

Key Highlights

Guest argues the Q4 2026 feasibility study is the next major catalyst, outlining reserves and a clear path to production.
Recent metallurgical program showed up to 90% gold recoveries in the pressure zone area, addressing the prior investor concern about Richmond Hill metallurgy.
Well-capitalized with $99M of working capital as of June 2026, after raising over $100M in the past year — funds work through 2027 and 2028.
Key asset Richmond Hill is an open-pit, large-scale heap leach operation in South Dakota's Homestake District, about 2 km north of the operating Wharf Mine.
Controls over 50,000 acres of mineral tenures; adjacent Maitland project (JB zone, high-grade material) plus broader district optionality.

Heap-leach column tests in the pressure zone returned up to 90% gold recoveries, addressing the prior metallurgy question hanging over Richmond Hill. On private land in South Dakota's Homestake District, the project only needs Lawrence County and state sign-off — a defined permitting timeline. Dakota Gold (DC) advances Richmond Hill with a PFS due Q4 2026, full FS H1 2027, and $99M working capital as of June 30, 2026. Quartermain stepped from interim CEO to Co-Chair, handing the operator seat to Jack Henris so the build-out team drives daily mine decisions. Quartermain argues development-stage miners typically trade at 0.2–0.3x NAV and rerate as they de-risk toward production.

Shawn Campbell of Dakota Gold Corp. presents at Metals Investor Forum in Vancouver | Sep 2026

Metals Investor Forum

18 days ago 10:38

Key Highlights

Richmond Hill economics: at $2,350 gold the project shows a 17-year mine life, 153,000 oz of annual production, ASIC under $1,100/oz, with a $1.6 billion base-case NPV at under $400 million CapEx, and the speaker highlights it as a $4 billion opportunity at $4,000 gold.
Timeline to production: PFS due late 2026, feasibility study in 2027, permits in hand by late 2028, and first production in late 2029, framed by the speaker as a fast transition from developer to producer.
Drilling and metallurgy: the PFS will add 350 drill holes (30% more drilling); recent column work confirmed over 90% recovery on a particular material, and the company is drilling an additional 15,000 meters for the feasibility study.
Throughput and sequencing trade-offs: the PFS is testing throughput up to 60,000 tons/day (50% above the 30,000 t/d base case) and prioritizing near-surface high-grade material early in the mine life to improve IRR and NPV.
Balance sheet and cap table: close to $100 million in treasury, 134 million shares outstanding, and an $800 million market cap against a multi-billion dollar opportunity; analyst coverage grew from 3 to 7 year-to-date and a $75 million financing was oversubscribed.

Dakota Gold's Richmond Hill targets first gold by late 2029 with AISC (All-In Sustaining Cost) under $1,100 per ounce on $1.6B NPV at $2,350 gold. Benchmarking Richmond Hill's design against the nearby Wharf mine keeps the three-stage crush heap leach capex below $400M. State-county-only permitting on private South Dakota land cuts the federal review step out of Dakota Gold's path to 2029 production. Roughly $100M in treasury and an oversubscribed $75M raise in 2026 mean Dakota Gold does not need to dilute through the next two-year milestone path. Adjacent to Richmond Hill, the Maitland high-grade underground target offers a second growth opportunity not yet reflected in Dakota Gold's share price.

Why Is This $1.5 Billion Gold Story Worth Just $37 Million? | Fredonia Mining PEA

The Deep Dive

about 1 month ago 11:04

Key Highlights

brief

The host uses Dakota Gold as a peer benchmark, noting it carries almost exactly the same NPV as Fredonia but trades at a market cap about 20x larger.
Cited as evidence that the Fredonia discount reflects stage and limited distribution rather than project fundamentals.

Fredonia's El Dorado PEA shows a $1.49B NPV and 65% IRR on just $346M of initial capital, the lowest capital intensity in its peer group. A simple heap leach design drives the cost advantage: crush, agglomerate, stack, and leach — no mill, no grinding circuit. Despite the headline NPV, Fredonia's $36M enterprise value trades at 0.024x NAV versus 0.26–0.6x for peers. The valuation gap is mostly a distribution problem: no conference call, no sell-side coverage, and only 1.3M shares traded on study day. Concerns include a 4.1% contingency budget versus the 15–25% PEA standard, and preliminary metallurgy on 0.47 g/t ore.

Live Q&A with Rick Rule and Steve Barton

2 months ago

Key Highlights

Rule has Dakota as a 5 and says he has no doubt Richmond Hill becomes a mine — the only question is how big
He likes Richmond Hill's resemblance to the Wharf mine across the property line and sees additional upside from drilling off the Homestake-style structures, potentially including reserves sterilized when Barrick gave the mine to South Dakota
Rule is due to talk to Bob Quartermaine, who has moved himself upstairs from CEO to Chairman, and still wants more detail on the foot wall and hanging wall deposits
He believes multiple production facilities could feed a common mill, with intriguing undeveloped potential at depth not yet in any mine plan

Rick Rule frames currency debasement and a structural copper deficit as multi-year themes, and treats the uranium pullback as a buying window rather than a topping signal. Two majors as shareholders of a junior like Founders Metals create real auction tension if a discovery is made, plus adult supervision and a tighter effective float. Rule sizes lithium as a processing-bottleneck story, not a raw-material shortage, and flags direct lithium extraction from oil and gas brines as the long-term threat to hard-rock producers. Abitibi 'orphan' deposits such as Emperor Metals can now monetize via nearby mills, removing the capex bar that once left them undeveloped in past cycles. Rule is constructive on Cameco, Origin Royalties, Alamos, Emperor, B2Gold, and Cheniere; he is cautious on lithium juniors and explicitly refuses to time the uranium market.

I Asked The Greatest Junior Mining Investors What They Are Buying Right Now | Rule Symposium

Palisades Gold Radio

3 months ago

Key Highlights

The company is developing a new mine at Richmond Hill in South Dakota, where it has developed a large resource and is currently running a pre-feasibility study.
The asset sits in the Homestake district, which has a long mining history, and the Homestake mine itself produced about 40 million ounces; the company also holds the Maitland project along strike.
Richmond Hill is described as lower-grade open pit heap leach potential, comparable to the nearby Wharf mine about two miles away.
The company was able to finance off the recent increase in the gold price and was sitting on over $106 million of working capital at its last quarterly results.
That balance sheet is intended to carry the project through pre-feasibility, feasibility and permitting over the next few years.

Gold and silver fell 30-50% from highs, and multiple guests frame the pullback as a buying window for quality developers, not a trend break. AISC (All-In Sustaining Cost — what it really costs to produce an ounce) explains the margin math: $4,000 gold against a $2,000 AISC. One guest argues gold pays no dividend, so valuation must run against debt, money supply and GDP instead of cash flow. Royalty companies and prospect generators are presented as the safer way to play gold and silver than owning operators outright. Several guests expect a wave of mining M&A, because producers shed high-cost operations and hold cash without a growth pipeline.

Dakota Gold – Richmond Hill 2026 Drill Program Completed, Upcoming Resource Estimate & PFS In Q4

3 months ago

Key Highlights

Jack Henris and Shawn Campbell say the now-complete 2026 drill program (17,273 m across 112 holes, combined with 2025 drilling) feeds a Pre-Feasibility Study due in Q4 2026 that could carry reserves, with a Feasibility Study targeted for the first half of 2027 and production before the end of the decade.
Henris says northeast expansion drilling is intercepting grades far above the project's 0.556 g/t average, including a press-release hit of almost 300 gram-metres about 580 m north and 730 m east-west beyond the current measured-and-indicated boundary, outside the pit shell used in the earlier study; the PFS trade-off studies will test mining those pockets early and scaling the plant from a 30,000 t/d jaw crusher toward a gyratory of up to 60,000 t/d, with 45,000 t/d as a possible midpoint.
The existing SK-1300 Internal Assessment of Cash Flow is quoted at $384M initial capital including a $50M contingency, $1,047/oz all-in sustaining cost, a roughly 17-year life producing about 2.6M oz of gold and 9M oz of silver, an after-tax NPV at 5% of $1.6B and a 55% IRR at $2,350/oz gold.
Campbell says $107M of cash at 31 March 2026, from a $75M February raise of under 10% dilution, funds the project to shovel-ready and has already secured the power substation build slot with a 24-month lead time that could stretch to 36; he attributes the low capital cost to power, water and road access already in place on about 3,000 acres of private land and a strip ratio under 1:1.
Henris says drilling at the Maitland underground project started in July 2026, with 5,578 m planned over 44 holes to define a maiden resource in the first half of 2027; 47 of 70 holes drilled at the JB zone averaged about 11 g/t over 4 m and the shallower Unionville zone runs about 4 g/t over 6 m.

Richmond Hill's 2026 drilling is finished, with an updated resource, PFS and possible reserve conversion all due in Q4. A $107 million February raise funds construction to shovel-ready, and already secures the scarce power substation build slot. AISC (All-In Sustaining Cost — what it really costs to produce an ounce) sits at $1,047, with initial capital of $384 million. Management's value levers are pulling high grade forward, doubling crusher throughput, and holding the mine plan inside private land. Production is targeted for 2029, with feasibility in the first half of 2027 and a maiden Maitland resource due around Q1 2027.

Rick Rule: Gold will Soar Over The Next 10 Years

VRIC Media

4 months ago

Rick Rule argues that rising U.S. deficits and unattractive long-duration bonds create a strong macroeconomic backdrop for gold over the next decade. A wave of mergers and acquisitions is approaching for gold miners, with Rule highlighting Equinox, Calibre, and Orla as potential acquirers or targets. Rule sees uranium demand rising due to global energy security concerns, favoring developers like NexGen and UEC, alongside Uranium Royalty's acquisition strategy.

BUY THE DIP: Gold & Silver Are Nearing Floors Before Next Huge Climbs

VRIC Media

Gold and silver are experiencing short-term pullbacks that represent buying opportunities before the next major price surge higher. Massive government debt, inflation, and money supply growth are creating a doom loop that will eventually trigger a financial reset. Specific mining equities like Vizsla Silver, Coeur Mining, and Endeavour Silver offer asymmetric upside for investors.

Jason Kosec and Jonathan Awde of Hemlo Mining Corp. | Rule Symposium 2026: Rick Rule interviews

Key Highlights

brief

Awde rolled up Homestake-district assets in South Dakota — bought from Barrick's closure group — took the company public as Dakota Gold, and stepped down in October 2024.
The guests cite what Awde and Robert Quartermain have done at Dakota Gold among examples of refocused teams adding value.

A veteran management team bought Hemlo — Canada's preeminent historic gold mine — from Barrick, betting decades of underinvestment left value behind. The mill runs at 3,800 of 10,000 tons per day; a planned $130 million investment aims to lift output toward 200,000 ounces a year. Barrick ran Hemlo as a rounding error — about 5% of output — spending $2 million on exploration where the new owners plan $38 million. The sellers' technical report shows a 14-year mine life, about 140,000 annual ounces, and $1.1 billion NPV5 (value discounted at 5%) at $2,610 gold. A 130,000-metre drill program targets an updated technical report in mid-2027; management says it has over $40 million of its own money invested.

Dr. Robert Quartermain, CEO of Dakota Gold Corp. | Rule Symposium 2026: Rick Rule interviews

Key Highlights

Quartermain says the Richmond Hill S-K 1300 outlines about 3.5 million ounces of gold, including 2.6 million ounces measured and indicated, supporting a roughly 17-year mine life at around 150,000 ounces a year, with a prefeasibility study planned for the second half of 2026 as of the interview.
At the March 2026 financials the company held about $105 million in cash after a roughly $75 million February 2026 raise led by BMO and Scotiabank banking syndicates, which management says funds planned work through 2026-2028, targeting a production decision in 2028 and first output in late 2029.
Maitland drilling has delivered 47 intersections averaging about 11 g/t over 4 metres, which management points to as the basis for a potential high-grade, roughly million-ounce underground deposit.
Dakota Gold controls 48,000 acres across the Homestake district, home to the 40-million-ounce Homestake mine and essentially unexplored since about 1996, and Quartermain argues gold near $4,500 an ounce at the time of the interview makes previously uneconomic targets worth revisiting.
Permitting is expected to be straightforward by junior standards: about 13,000 of its 48,000 acres are private land, permits run through Lawrence County and the state of South Dakota, and the ground lies about 2 miles from Coeur's producing Wharf mine, so regulators there already know mining.

Dakota Gold's Richmond Hill resource stands at 3.5 million ounces, and management targets a prefeasibility study this year backed by about $105 million in cash. High-grade Maitland drilling, 47 intersections averaging 11 grams per tonne over 4 meters, points to a multimillion-ounce underground deposit beside the historic Homestake mine. Guest argues gold near $4,500 an ounce revives mineralization uneconomic at $250, making the underexplored Homestake district worth re-drilling after 30 years. Mostly private land two miles from an operating mine, management says, should ease permitting and shorten the path to a late-2029 production start. Quartermain's playbook: buy known mineralized districts when commodities are out of favor, then let cash flow from one project fund the next.

Live Q&A with Rick Rule

Key Highlights

Rick is a large Dakota Gold shareholder and says the company is exploring around the former Homestake mine, which he regards as an attractive place to find more gold.
He says higher gold prices and lower capital costs now create a very different economic setting from when Barrick closed the mine at roughly $300 gold.
Rick credits Robert Quartermain with shifting the search toward surface expressions and lower-grade, bulk-mineable mineralization rather than only high-grade echelon lodes.
He says Richmond Hill has yielded a surface deposit analogous to the adjacent roughly 4-million-ounce Wharf deposit and could support early, low-capital-intensity production.

Investors should test market capitalization against cash, securities, asset value and realistic economics before speculating in resource equities. Feasibility studies can resolve geology and metallurgy, while financing, processing, offtake and permitting remain decisive development risks. Small metals face sharp supply swings and often lack the scale needed for tier-one mines, increasing commodity and project risk. Royalty companies avoid operating and sustaining-capital bills, while non-operating producers still fund their share of investment. Portfolio concentration should match research capacity; Rick Rule says each holding deserves roughly an hour of review every month.

Dakota Gold – Richmond Hill Exploration Results And Timeline Of Key Development Catalysts For 2026

6 months ago

Richmond Hill hosts over 6Moz gold and 60Moz silver, targeting heap leach production by 2029 with permitting advantages on private land. Higher-grade intercepts in the Northeast Project area are driving trade-off studies to potentially access this ore early in the mine plan. Pre-Feasibility Study expected late 2026 with reserves, followed by a Feasibility Study in H1 2027; Maitland maiden resource also upcoming.

Dakota Gold–Exploration & Development Updates For 2026 At The Richmond Hill & Maitland Gold Projects

7 months ago

Dakota Gold provides exploration and development updates for 2026 at Richmond Hill and Maitland gold projects. Video covers strategic plans, drilling programs, and timeline milestones for both South Dakota properties. KE Report hosts discuss potential resource expansion and development milestones for investors to monitor.

Get In Now - Dakota Gold Opportunity

VRIC Media

8 months ago

Dakota Gold presents a compelling investment opportunity in the US gold mining sector with significant upside potential Video emphasizes timing considerations for investors looking to gain exposure to this specific gold development story Company positioned to benefit from favorable gold market dynamics and strong project fundamentals in Dakota territories

Hemlo Mining Update | Jason Kosec and Jimmy Connor

Jimmy Connor

8 months ago 21:30

Hemlo Mining, Canada's newest gold producer, bought the long-producing Hemlo mine from Barrick for $925 million and sees upside from past underinvestment. A roughly $40 million exploration budget and 130 kilometers of drilling aim to extend a 14-year mine life beyond 20 years. Idle hoisting and mill capacity let management target 6,000 tonnes per day and 200,000 annual ounces by end-2027 with modest capital. All-in sustaining costs (AISC — the full cost to produce an ounce) run about $1,400 per ounce, leaving high margins at current gold prices. Upcoming catalysts include a TSX main board listing, potential March index inclusion, an updated resource statement, and a 2027 NYSE American listing.

Dakota Gold – 2026 Catalysts and Value Drivers At The Richmond Hill and Maitland Gold Projects